There is no denying that technology is a significant driving force in the rapidly changing world of property & casualty insurance.
- Consumer expectations – including your broker customers – for choice, self-service, quick response, on-demand, quality service continue to rise;
- Technology brings and creates new risks – cyber, social liability, privacy, autonomous vehicles;
- Tools help address losses – drones, estimating tools, social tools for improves service;
- IoT and data help identify and better quantify and manage risks – flood, driving, breakdown, etc.
This is especially true for MGAs who serve niches and cover insurance needs for special risks. The threat of competition from traditional insurers, from new and existing peer MGAs and from new InsurTech entrants (many of whom look to technology for a competitive edge) is raising the bar.
This seminar with thought leaders and industry experts will focus on technology as it relates to the P&C MGA community, both as a tool to give you a competitive edge, and as an external threat and risk opportunity.
Planned sessions include:
- An Analyst's Perspective — What forces are driving growth in the MGA population? Insurance as an industry is reacting to consumer insurance needs and their demands. Insurance consumers and providers alike are taking the path of technology innovation. Where will it lead?
- The InsurTech (R)evolution — Digital transformation, innovation, disruption and now InsurTech; each describes an environment which is changing and accelerating. Is InsurTech a threat threat or an opportunity to the MGA community? More so, or less so, than any other segment of the insurance ecosystem?
- Incumbent Practitioners Adjusting Course — Some incumbents may be waiting to see where the dust settles, but most have taken action in response to the demands from customers and competition today and tomorrow. How are MGAs tackling the change needed to gain a competitive edge?
- Technology Providers — Like insurance practitioners, purveyors of applications using new approaches and technologies keep challenging those from the older school; as all parties adjust to the latest advances, the next generation of functions are already on the drawing board. Discuss with them and learn what is new.
- Distributors and Insurers — Being in the middle sometimes means you can be hammered from both sides with changing expectations. What is changing, on both sides of the coin? What will that mean to you as an MGA.
- New and Emerging Technologies — How are the new technologies (including Artificial Intelligence, Machine Learning, Blockchain, Voice) playing out? Where are they on the hype cycle, what impact might they have, and when? What else is just behind the curtain waiting to emerge?
Things have never changed this quickly before in insurance, and they will never change this slowly again.
Join your peers and explore the future – it starts tomorrow.
Who Should Attend
This Technology In Action seminar is designed for decision-makers and innovators in Property & Casualty MGAs, including:
- Principals and Leaders with responsibility for business transformation who are considering/evaluating technology as a part of their program;
- Line managers responsible for delivering operational business value who follow technologies in order to be current;
- Technology professionals evaluating core systems and newer technologies.
Vendors: Vendors: If you are looking to increase the visibility of your company, products and services, take advantage of the opportunities to participate – contact Doug Grant at email@example.com.
Date & Venue
This event will take place Tuesday, November 27, 2018, in Toronto.
- Registration and continental breakfast from 7:30am
- Sessions will begin at 8:30am
- The day will close with a networking reception ending at 7:00pm.
- We are requesting RIBO Continuing Education accreditation for this event.
- We won't know the details until after the event.
- Our recent events have all been accredited, almost always in in the Management category.
- One full day of content tends to translate into roughly 6.0 hours of credit.